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mornings. >> thank you. >>> we got some disappointing new numbers on the u.s. economy, and it's raised questions over president obama's second term agenda. what it is exactly. his administration is clearly last week and this week focused on new gun control proposals, and major immigration reform legire saying the economy should be issue number one. take a look at these numbers. the unemployment rate ticked up to 7.9% last month. the nation's gdp shrank 1% during the fourth quarter, and u.s. debt is approaching 16.5 trillion dollars. we report, you decide. david hawkings here to help us out, editor of daily briefing. great to see you, david. good morning. >> nice to be with you, jamie. >> i want to start by can go you about the president's push this week. he'll make the tour on gun control. he talked last week about immigration. does he have those two right? >> does he have those two right in terms of boosting the economy? >> well, no. in his position and his proposals are those issues that we should take care of in the way he's proposing? >> well, that's not for me to decide, but it ce
. with massive federal budget cuts looming, the local economy has no choice but to ajetion. >> but to adjust. >> sequestration, federal cutbacks, just the threat of that has slowed our economy. >> reporter: that's the big picture. the little picture hits you right in the paycheck leaving local economy watcher dr. steven fuller of george mason crunching the numbers for your bank account. >> we're down about 8,000 jobs from the peak which was in mid- 2010. average salaries in the washington area went down first time. >> reporter: long considered one of the best economies in the country, the washington area is still -- [indiscernible] -- but it's at risk of losing its edge. the transition could change the region's spending habits. >> we won't be able to support so many white table restaurants or won't be able to support as high end a housing market if this continues for many years. we're going through a major change in the economy. >> reporter: even if congress stops the budget cuts, the local economy could be in for a rougher ride this year since we're taking home less money. you can blame the
of the u.s. economy, a lot of americans have been waiting to see who would be held accountable. who would pay a price for what was done to our economy? today, the justice department announced it's going after one player, the huge credit rating agency s&p. it's a big case that could result in a big fine, but some are also wondering if revenge isn't a motive here, because the s&p, after all, lowered the u.s. credit rating after the fiscal cliff debacle. our report on all of it tonight from our justice correspondent, pete williams. >> for $16,000 -- >> reporter: the justice department and a dozen states today accused the world's largest credit rating agency, standard & poor's, or s&p, of endorsing investments that it knew were shaky, playing a direct role in the housing collapse. >> s&p was a trigger for the destruction of our economy. while big banks and lenders built mortgage-backed funds it was s&p's faulty ratings that detonated them. >> reporter: the lawsuits claim that for at least three years s&p gave its highest rating, aaa to financial packages issued by banks and made up of mortgag
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep cuts happen then it could be a major set back for the u.s. economy. the president is saying the threat already is kauszing a lot of uncertainty in the marketplace. >> we've also seen the effects that political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep, indiscriminate cuts to energy and national security will cost us jobs and it will slow down our recovery. it's not the right thing to do for the economy. >> the president, of course, still wants a bigger deal here. in the meantime he wants a short-term fix of spending cuts and tax revenue. republicans, of course, are not happy with t
's. >>> jits not a pretty picture for trying to find work in the struggling economy. many found themselves deep in the hole because of student loans. the problem is getting worse with a record number of delinquencies reported. we get more from miguel almaguer. >> reporter: a graduate >> reporter: a graduate student, 22-year-old astrid will be $160,000 in debt before she lands her first job. >> i feel like that number doesn't really process in my head yet. it's just an imaginary number i know i have to pay off. >> reporter: she is one of the 26 million americans saddled with a ballooning student loan. like her classmates, she worried without a job after graduation, she'll become part of the record number of former students who are now defaulting or delinquent paying back loans. >> honestly, i don't know how i'm going to do it. >> reporter: with college costs on the rise, student loan debt is at an all-time high. topping $870 billion surpassing credit card debt and even auto loans. now a new study shows one-third of former students are considered risky borrowers. graduates who don't pay back thei
predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult to respond to the crisis in europe. >> reporter: the cuts were designed to be so painful they would force congress to come one a smarter way to trim the deficit instead but it didn't happen. house republicans
endured white knuckle days the economy tanking, debating along the way, should i keep my money in? do i take it out? dave ramsey travels across the country giving financial advice, he has 5 million radio listeners a week, a giant voice urging boomers near the bottom of the market -- telling them keep their money in. a lot of people think if they take it out they can time the market. >> we were standing in the street corners screaming when everything was going down, don't pull your money out, the only person that gets hurt on a roller coaster are those that jump off. >> reporter: a study says two-thirds of americans plan to delay retirement, rosemary just retired when the market began to drop. she stayed the course on on track, now giving tips to other boomers. but the advice her husband dividend, keeping their 401(k)s. >> he wanted to pull everything out, i hoped it would come back, we decided to leave it there and hope it would come back. >> reporter: who was right? >> theoretically i was, but it's come back about 75%. >> reporter: and look at this tonight, our business unit crunching
: in an interview on sunday we asked the president about all of this. we found out last week that the economy actually shrank in the last three months of last year. if the federal spending cuts that are on tap for march actually take effect, will that push the country into recession? >> i don't know if it will push the country into recession but here's what we know. the reason that the economy shall rank a little bit despite the fact that housing is recovering, manufacturing is going strong, car sales are up, you know, the truth is, is that overall there were a lot of positive signs in the economy. the big problem was defense spending was cut 22%. that was the biggest drop in 40 years. it was very abrupt. washington cannot continually operate under a cloud of crisis. that freezes up consumers. it gets businesses worried. we can't afford these self-inflicted wounds. >> pelley: also in that interview, the president said that he thinks the boy scouts of america should include gays. the organization's executive board will consider tomorrow whether to drop its national ban on gays. and that is cre
that it's better to kick the can down the road than to kick the economy off the cliff. this is kind of a self-inflicted answer to a concocted crisis. the threat to default on the debt a few years ago to try to force a budget deal, and then oh, we're going to put these automatic cuts in, they're going to be so terrible that that will force our hand, and now the political market and everybody else is kind of priced in already the nonsense. so i think as an economic matter, it would be really bad to have this austerity go in effect right now but it's not a permanent solution, it's not a way to run a railroad or a government. >> you have a point. a lot of people agree with you. but let me ask about this. the president's 2013 budget was $3.8 trillion. the automatic spending cuts, sequester, is $110 billion a year, less than 2.9% of the president's budget. if he cannot cut that, if the republicans cannot cut that, this is where i get to the feeling they're all pathetic. i don't understand. how can you go smaller? >> erin, i agree with you completely. what i think michael is forgetting and
's ailing economy. street violence there and political unrest engulfing egypt for more than a week. all of this coming a day after angry mobs hurled fire bombs at the presidential palace in cairo. egypt's foreign currency reserves have been cut in half now by more than since 2011 uprising that ousted the president, hosni mubarak and the value of currency has plummeted there. >>> big developments on the u.s. policy in iran. vice-president joe biden underscoring u.s. willingness to talk 1-on-1 with tehran over its nuclear program, but only if the regime is serious about coming to the table. >> there's still time. there's still space for diplomacy backed by pressure to succeed. the ball is in the government of iran's court and it's well past time forte ran to for tehran to adopt a good faith approach to negotiations. >> molly henneberg is live from washington. holly? >> reporter: hi gregg. it takes two to have bilateral talks, and vice-president biden said the u.s. is trying to get iran to the table if iranian leaders are quote, serious about discussions on that nation's controversial nucl
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buyers. those turbo charged engines may not deliver the speed or the fuel economy for the money that car makers are charging you. the nonprofit tested several models from ford, hyundai, kia, and chevy. a turbo charge four cylinder bmw did do well in the track test. ford says its own survey shows customers are satisfied with the fuel economy in their turbo charged vehicles. >> plenty of us want to stretch our money more these days and one way to do that is to hold on to your car longer. if you treat it right, it will go the distance and save you tens of thousands. >> i am the first donor and i will be the last donor. >> when ariel bought his toyota camry, he never imagined hitting 226,000. >> i didn't know it would get this far, but it did and we're pleased. >> auto expert says people often aren't away of the long- term financial benefits of holding on to a car. >> our research shows if you hit 200,000 miles, which takes 15 years, you could save more than $30,000. >> first, shop for a car you can live with long-term. >> make sure it fits your lifestyle and don't compromise on feat
murder. chris kyle leaves behind a wife and two kids. >> the white house says they economy is beginning to heal as the dow passes the the 15,000 market. and the housing market shows sign signs of recovery. but unemployment is up and the white house hasn't passed a budget or cut spending. it's a mixed bag, adding up to a catastrophe, according to our next guest, an author from nashville. thank you for your time today. >> thank you. the other story, i have a son-in-law, a former sniper. it's very touching, awful story. >> it is. our sympathies go out to the two families that are involved and the loved ones of of both of them. you are an expert in the economy. we have had positive signs. why do you think we are headed in the wrong direction? >> we are not growing fast enough to bring the unemployment rate down and get rid of the huge unemployment and the people who have ls left the labor force. you know, the longer this time last. it is not just a number. these are the real people who lose their pride, their self-esteem and their jobs skills and their chance to becoming productive american
in chinese cyber attacks a threat to the u.s. and its economy. the moves come after "the washington post", "the new york times" and "the wall street journal" announced recent attacks on their computer systems suspected of original senating from china. social media site twitter as you say said friday dreamly sophisticated hackers from an unidentified source may have stolen the user names, e-mail addresses and passwords of 250,000 customers. now the u.s. has made little progress in negotiations with the chinese to stop this kind of hacking. now the u.s. is considering new economic and diplomatic steps to prevent it and according to "the financial times", more information-sharing between washington and private companies to protect critical systems and infrastructure like power grids and communications systems. >> we, you know, have had and been very clear about our substantial and growing concerns about the threats of economic to economic national security posed by cyber intrusions including the theft of commercial information. we have been clear with the government of china we need to cont
-time high. one of the things that helped lift stocks today was the jobs report. the u.s. economy added 157,000 jobs in january. now, that was just in line with expectations. now the unemployment rate did go up to 7.9% but economists we spoke to describe the report as decent and say it shows the economy's continuing to grow at a moderate pace. >>> the department of health and human services proposed new guidelines that allow religious institutions to avoid paying for contraception coverage. the proposed rules would let certain groups like hospitals and schools decline to provide that coverage for religious reasons. women can get the coverage but the insurance provider has to pay for their contraception separately. the catholic health association you may recall had asked for changes to the contraception mandate, had gone to the president, and they say they are now studying his new proposal. >>> the french president francois hollande will visit mali this weekend. french troops have been helping the malian army oust rebels who have taken over part of the count country. the french face the daun
in the wake of what is the unrest that has rocked the economy. and those officials are now telling the egyptian people hey, don't overeat. meanwhile the iranian president mahmoud ahmadinejad visited egypt today for the first time in we believe more than three decades. is he there for religious summit. he and the egyptian president mohammed morsi reportedly discussed improving regions. north korean officials are some of the world's best when it comes to looking at things. but we cannot say the same for a brand new video production. the low budget propaganda video that depicts the fall of the united states to the tune of "we are the world" with the aid of the video game call of duty. it's a gift from north korea and it's coming up. but first the music world is remembering a man who snarled a primitive ode to teenage love. the song was wild thing. the singer, reg presley. wild thing was a cover. but it became the signature hit for his garage rock band, the trogs. part of the british invasion in the 60's. icons from the jimmy hendrix to bruce springsteen performed their own version of
for one part of the economy everyone agrees is expanding as the cyber threat spreads. pete williams, nbc news, washington. >>> the man who has been on the forefront of fighting cyber attacks among other threats at the pentagon is weighing in on the grilling his likely successor got on capitol hill this week. outgoing secretary leon panetta is critical of this week's confirmation hearings for former senator chuck hagel. he said the hearings should have been less political and partisan and more about the tough issues hagel would face. >> what about what a secretary of defense is confronting today, what about the war in afghanistan, the war on terrorism, what about the budget sequester and the impact it's going to have on readiness? what about the middle east turmoil? what about cyber attacks? all of the issues that confront a secretary of defense, frankly, those were -- we just did not see enough time spent on discussing those issues. >> you can see chuck todd's full interview with defense secretary leon panetta and with the joint chiefs chairman general martin dempsey tomorrow on "meet th
? normally, on this program, we talk about people's worries over the economy and things like that. is there any real ups well of public opinion -- real upswell of public opinion? >> is gay marriage at the top of voters' anxiety list? no. you asked people whether they are broadly in favor of it or not, the answer tends to be that they are. i think david cameron is hoping this is the kind of thing he can deal with in midterm and, by the time of the next election, it will all die down. that's not to say there are not a lot of people opposed to it. on the whole, people are more in favor than against. >> no religious organization is going to be forced to have gay marriages. >> that is right. david cameron did not want to have a big argument with religious organizations and anglican churches who oppose the idea. there is no question of gay marriage taking place in church. it is worth adding that, at the moment, britain is have a system of civil partnerships. same-sex couples do have the same legal rights when it comes to things like pensions or property. david cameron believes they can
. president obama is ignoring the nation's economic challenges, critics say. >> our economy could use some presidential leadership right now. >> reporter: immigration reform is critical, they say, to helping the nation's economy. those coming here to meet with the president, ceos from companies like yahoo! goldman sachs and coca cola. natalie? >> thank you so much, peter. >>> secretly laying out conditions for carrying out targeted killings of suspected american terrorists that are different than officials have explained publicly. according to a membero obtained by nbc news. it expands the definition of self defense and what qualifies as an imminent threat of violence and says that these cases are lawful killings and not assassinations. >>> let's head to wall street. cnbc's kayla tausche is at the new york stock exchange. >> speaking of the department of justice, the doj says that standard & poors misled investors. this will be the first federal enforcement agen enforcement action against a credit rating firm. stock market rally has hit the pause button for now. experts say we're still on
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for the economy. we're already contracting, already got unemployment going up. as the president said high gas prices are like a tax that affects everybody. you keep going up with gas prices and you're taking money out of the economy all over again. >>brian: that's good news for the vault. -- good news for the volt. >> you heard the latest. there is a proposal to tax how many miles you drive as opposed to how many gallons of gas you consume. because they're losing money on the gas tax. so they want to make it up on volt drivers who are driving a lot of miles but not using gas. >>steve: are they going to have people alongside the road. "okay, that's one." >> this is a big issue. this might have an electronic tkpweuz mow in your -- gizmo in your car that tells the government how much you drive. >>brian: stuart varney, 9:20 on the fox business network. >> that's an old picture fortunately. >>brian: stuart, congratulations. >>steve: a five-year-old boy freed, his mad man captured, dead. dr. keith ablow on why this shouldn't have happened in shouldn't have happened in the first place. [ woman ] rin
now on this sunday morning. coming up, president barack obama blaming the ailing economy on bad decisions, he says in washington. but what about him? should the president continue to pass the blame or accept responsibility. a fair and balanced debate next. >> plus, who said cats don't like water? you, i thought. >> i did. >> this is a weird picture. >> what is going on here? this feline is making a big splash to shed some pounds. is he a little overweight so swimming to take it off. >> a live look from new orleans this morning. >> it's beautiful. back there in a few minutes. teaming with excitement. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur and don't get heartburn in the first place! music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happ
for operating funds for the government this year but also on what to do about the economy pause the sequestered cuts, both sides agree, would definitely affect growth at a time when the economy doesn't look like it can handle that. jon: he be the first post-partisan president, yet you say that in the state of the union, i'm sorry in his inaugural address, he incident -- didn't exactly hold out olive branches to rerepublicans. >> no, he did not. his inaugural address was a landmark speech about equality and was lauded by many people for that but it did not reach out to the republicans or really talk about the need for a solution to our fiscal crisis and coming together on these your gent matters -- urgent matters he knows he need to work with republicans on to secure a legacy for himself as president in the second term. i think in the state of the union address which is a week from today we'll be looking to see what the president does in terms of talking about bridging the divide and what he is willing to do to go to the middle on and sacrifice political pain for in order to get some concession
of gas and that breaks down to 800 hours wasted. experts say this is a direct result that the economy is rebounding. good news there. the city that has the least congestion, pensacola, florida. that takes only a measly nine minutes to get to where you need to go. >> tara, thank you for the toss. i will take it from here. >>> traffic is moving along in some areas not so well, you know the drill. even though this is a 15 to 20- minute delay, i would still say it's a good excuse there are no problems on that span. so the total time you are looking at to get into san francisco, live time traffic 30 plus minutes. not that bad for the entire thing. trying to get up to the bay bridge in oakland, there was a crash 880 in san leandro. that's been cleared. very slow. that's also affecting the castro valley commute. if you want to use an alternate, i would say 580 all the way out to 980. it's. right now it's still pretty good. if you are going slow, i would say that's a decent alternate for you. the south bay commute still looks good. it has not become quite as heavy as it can be. you can see fo
are counting down. brand new job numbers. that and the economy numbers will be released, a preview straight ahead. >>> plus bradley cooper reportedly did that caused a riot, folks. >> not just a riot. but a sex riot. >> heart attacks, the whole nine yards. the story, coming up. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? your doctor will say get smart about yo
. as the economy recovers, the congestion and all those things are going to come back as well. here are the numbers. 67 hours, more than a week's vacation, that's what dc area drivers lost sitting in traffic. the cost calculated $1,398 per commuter. 4th year in the rho-d c has claimed top congestion. just in front of los angeles, san francisco, new york and boston. all of those a couple hours difference per year. congested 85% of the time. also this year the transportation institute added how much you need to pad your commute if you have to be somewhere on time all the time hchlt and they say in congested area like this we rank number one seems like our traffic tie ups seem to be really bad. rely ability is so bad, they are saying three hours is what somebody would have to give themselves. i think perhaps maybe we call the boss and tell him we're going to be late. >> i think that's a good idea. >> at least sometimes. >> still ahead at 7:00, cyber security. we haven't talked about this in a while. it's wearing its hat again in light of recent high profile technology attacks. sit down with a local it
. to be honest with you, the fact our economy is not doing well has as much to do with the downturn in illegal crossings as anything else. if she can explain how we missed 2,000 ak-47s going into mexico i'll be a little more open to hearing her argument for having operational control of the border. >> congressman trey gowdy of south carolina, thank you so much for being with us this morning. >> yes, ma'am, thank you. >>> we're learning new information about what may have led to the 34-minute long super bowl blackout. "the new orleans times-picayune" refers to an electrical upgrade back in december may be to blame. intergy disputes that and says there were no power dispute issues during the three events before the super bowl. the new orleans council utility committee will meet friday to further investigate that blackout. >>> super bowl mvp joe flacco getting his own parade at disney world. starting next hour he'll share the spot lot with his nfl teammates. fans are grabbing prime spots to watch the parade due to take place later in baltimore, two hours from now. cnn's rene marsh is already ther
Search Results 0 to 49 of about 121 (some duplicates have been removed)